Babar  Aijaz, Chief Financial Officer

Babar Aijaz

Chief Financial Officer

Security Papers Ltd

Location
Pakistan - Karachi
Education
Master's degree, Accounting And Cost Controlling
Experience
14 years, 0 Months

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Work Experience

Total years of experience :14 years, 0 Months

Chief Financial Officer at Security Papers Ltd
  • Pakistan - Karachi
  • My current job since September 2019

1. Enhanced investments portfolio from Rs. 3.5 billion in 2019 to Rs. 5 billion i.e., by 43%, by virtue of better financial planning.
2. Achieved highest ever revenue, other income and profit after despite pandemic.
3. Designed and developed Static Risk Register and Investment Policy of the Company.
4. Formulated ten-year strategic financial plan of the Company and feasibility studies of BMR projects.
5. Presented financial statements, budgets and strategic plan to the Board of Directors and its sub-committees highlighting key financial indicators and operational efficiencies.
6. Lead financial activities of the Company including statutory financial reporting, capital expenditure planning and evaluation, budgetary control, profit forecasts, product costing, funds management and taxation. Met all the timeline and targets, despite of separation of two Managers during 2021.
7. Implemented online vouchers approval system with subsequent alignment to Federal Board of Revenue requirements for online payments.
8. Lead the team in winning different awards by the Company including Top 25 Companies award of Pakistan Stock Exchange (PSX), Management Association of Pakistan (MAP) award and Best Corporate report award by ICAP.
9. Made timely arrangements of all financial facilities from all the banks of the Company at a very competitive rate.
10. Managing team of 20 individuals comprises of qualified ACA, CMA (UK), CFA and other qualifications.

Chief Internal Auditor at Security Papers Ltd
  • Pakistan - Karachi
  • August 2014 to February 2019

1. Transformed Internal Audit function to a risk-based audit, with a defined Internal Audit Plan and objectives.
2. Designed and implemented internally developed Internal Audit Module.
3. Recommended major IT related controls as against manual paper work such as implementation of production module, Integration of access control attendance system with payroll, Integrated Material Requirement planning, MIS system of Quality Control department etc.
4. Reported to Board Audit Committee as Secretary to BAC.
Liaised with all departments of the company towards implementation of Board Audit Committee's and Internal Audit's recommendations. Ensured that audit recommendations get implemented and the tangible benefits are seen by the stakeholders.

Senior Manger & DGM Internal Audit at Security Papers Ltd.
  • Pakistan - Karachi
  • February 2010 to November 2014

1. Prepared Organization Wide Risk Assessment document and identified mitigating controls.
2. Drafted and implemented Internal Audit Manual.
3. Conducted departmental and financial reporting audit as per Board Audit Committee approved audit plan and recommended improvements.
4. Liaising with all departments of the Company towards implementation of Board Audit Committee and Internal Audit's recommendations. Ensuring that audit recommendations get implemented and the tangible benefits are seen by the stakeholders.

Audit Senior at Price Water House Coppers (PwC Muscat Oman)
  • Oman - Muscat
  • October 2009 to February 2010

I have been working on a group of companies providing internal Auditing services to leading sector in Oman.
I was also assigned on assurance services to banking, construction and oil and gas and manufacturing concern.

Education

Master's degree, Accounting And Cost Controlling
  • at Chartered Institute of Management Accountant (UK)
  • January 2016
Master's degree, Accounting
  • at Institute of chartered accountant if Pakistan
  • December 2012

Chartered Accountancy

Diploma, CISA (Certified Internal Auditor)
  • at ISACA USA
  • April 2011

My CISA diploma course is in progress.

Master's degree, Master in Economics & Finance
  • at University of Karachi
  • September 1999

Have completed Bachelor in Commerce and Master in Economics & Finance in parallel with CA.

Specialties & Skills

Risk Analysis
Manufacturing
Internal Audit

Social Profiles

Personal Website
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Languages

English
Expert

Memberships

CIMA (UK)
  • Professional Body of Cost and Management Accountant
  • January 2016
Institute of Chartered Accountant of Pakistan
  • Professional Body of Chartered Accountant.
  • March 2013

Hobbies

  • Playing Cricket and Swimming